Aastveit, Knut Are; Anundsen, André Kallåk (American Economic Journal: Macroeconomics;Vol. 14, No. 4, Peer reviewed; Journal article, 2021-10-04)
The responsiveness of house prices to monetary policy shocks depends on the nature of the shock—expansionary versus contractionary—and on local housing supply elasticities. These findings are established using a panel of ...